Crebnow march 24, 2017

Page 1

GET IN HOT WATER

LET’S GET ROLLING

Terri Camore

Is a tankless system in your future?

Seven Foothills attractions for your next day trip

Presenting 164 DOUGLAS SHORE CLOSE SE

DIGITAL DOWNLOW A6

TC

A4 – A5

SEE PAGE A5

FREE mar 24 to mar 30 2017 issue 07-11 editorial 403-781-1324 advertising 403-263-4940 crebnow@creb.ca

real estate news from industry experts

GET

‘‘

THERE IS NO PART OF CENTRAL CALGARY THAT IS NOT GOING TO BE HOT. IT IS SO WALKABLE. IT TAKES ME SIX MINUTES TO WALK ACROSS THE DOWNTOWN.”

READY FOR

LIFTOFF

BRAD LAMB

PRESIDENT, LAMB DEVELOPMENT CORP.

Major condo developer is making big investments in the Calgary and Edmonton markets BARB LIVINGSTONE for creb®now

T

his year, Brad Lamb will finish one condo project and start construction on another, while purchasing two other substantial parcels of land in Calgary’s downtown core. To say the Toronto developer, president of Lamb Development Corp., is confident in the city – and Alberta’s real estate future – may be an understatement. Lamb has been a fixture in the real estate industry for 30 years. His company has more than 20 projects, worth an estimated $2 billion, in various stages of development in five cities – Calgary, Edmonton, Toronto, Ottawa and Hamilton. But it’s Calgary’s market, he says, that is set to explode after the “economic blip” it has been going through. When he acquires the two new land parcels in Calgary, his investment in this city alone will be about $350 million. His 230-unit, 6th and Tenth project in the Beltline (now 92 per cent sold) will see owners take possession this May. Lamb’s The Orchard project is more than 50 per cent sold. It’s a twin tower 31-storey development with a real orchard, producing as many as 100,000 apples a year, at its epicentre. Construction is expected to launch within the next six months.

COURTESY LAMB DEVELOPMENT CORP.

A rendering of 6th and Tenth in the Beltline, under construction by Lamb Development Corp.

CONDO KING A3

$438,100

$437,400

$438,100

$439,000

$438,900

$440,400

$440,200

$440,000

$440,400

$439,700

$441,000

$442,800

$445,000

$447,800

$452,800

$454,800

$457,400

$459,300

$459,300

$459,100

$459,300

$457,800

$456,700

$458,900

$460,900

CITY OF CALGARY

MLS® BENCHMARK PRICE* FEB ’15 – FEB ’17

CONTENTS

CANADIAN HOME SALES CLIMB IN FEBRUARY

MUNICIPAL. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . A2 New CTrain Green Line

COMMUNITY. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . A2 Flood Mitigation

BRIEFS. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . A3 LIVABILITY. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . A4 Affordable Housing

CREB® STAFF

FEB15 MAR15 APR15 MAY15 JUN15 JUL15 AUG15 SEP15 OCT15 NOV15 DEC15 JAN16 FEB16 MAR16 APR16 MAY16 JUN16 JUL16 AUG16 SEP16 OCT16 NOV16 DEC16 JAN17 FEB17

H

ome sales over Canadian MLS® Systems rose by 5.2 per cent month-over-month in February 2017 to reach the highest level since April 2016. While February sales were up from the previous month in about 70 per cent of all local markets, the national increase was overwhelmingly driven by an increase in activity across the Greater Toronto Area (GTA).

*All statistics based on monthly data compiled by CREB® via MLS® activity. Includes detached, attached and apartment.

HOME SALES A3

BUYER PROFILE. . . . . . . . . . . . . . . . . . . . . . . . . . . . . A6 Javier Gonzalez and Maria Rocha Gil

SATELLITES . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . A7 Reinventing High River

MAP . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . B1 OPEN HOUSES. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . B19 @crebnow

CREBNow

@crebnow

www.crebnow.com

CHECK OUT THE VIRTUAL TOUR AT REALTOR.CA

$979,000 | 7 COYOTE CLOSE, WINTERGREEN WOODS MLS C4079190 ®

Real Experience Real Results

Lee Edwards 403.540.0540

Estate living. Very private location at the back of a small cul-de-sac on the largest lot in Wintergreen Woods. This beautiful home is surrounded by expansive sunny lawns and majestic pines. Curved-stair entry. Vaulted-ceiling living room separated from the dining room by a 2-sided fireplace; a “hearth room” style family room just off the kitchen and a kitchen nook which lead to a very large 3-sided deck; a second staircase leading to a huge bonus room over the garage, ringed with windows on 3 sides and opening to a large upper level deck; the stunning master bedroom and en suite; and lower level development with 2 bedrooms, full bath, a large games area, and a media room. Kananaskis country and all its glory is just minutes away.

CANYON CREEK

braggcreekrealestate.com lee@braggcreekrealestate.com


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